Economics and Business

Teach your students about earning an income, how to manage money and set financial goals. In addition, develop knowledge of basic business planning and what makes a business successful.

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Income taxAustralia has a progressive tax system. This means that the more people earn, the more tax they pay and the…

Part 1: Calculating taxUse the ATOs weekly tax table or the ATO app Tax withheld calculator to work out how much tax…

Cash wages and tax When you are employed, it’s important you understand your rights in relation to tax. Some…

Decide whether the following individuals should report their employers and why. Scenario Should report…

If you are employed you have both rights and obligations in relation to tax and you should know what these are. The…

Linked activity: The taxation system and the principle of honesty (AC v9.0) Using a SWOT analysis to make a…

Tax returns and your obligationsA tax return is the form you use to tell the Australian Taxation Office (ATO) how much…

Part 1: Identifying allowable deductionsRead the list of items below. Indicate whether you think each item of…

Linked activities: Preparing and lodging a tax return Using a SWOT analysis to make a business decision

Linked activities: What happens after I lodge my tax return? (AC v9.0) Using a SWOT analysis to make a…

Write answers to the following frequently asked questions: How long does it take to process a tax return? What…

Businesses, including sole traders, have a key role to play in Australia’s taxation system. They collect tax on sales,…